SunCoke Energy Inc (NYSE:SXC) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 7,264,700 shares, a growth of 15.5% from the May 30th total of 6,292,500 shares. Approximately 11.3% of the shares of the company are short sold. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is currently 7.1 days.
SXC has been the subject of a number of analyst reports. ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Zacks Investment Research lowered Farmland Partners from a “hold” rating to a “sell” rating in a research report on Friday.
Institutional investors and hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund bought a new position in SunCoke Energy during the 4th quarter worth about $211,000. BlackRock Inc. boosted its holdings in shares of SunCoke Energy by 5.1% in the 4th quarter. BlackRock Inc. now owns 9,968,807 shares of the energy company’s stock valued at $85,233,000 after buying an additional 487,414 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of SunCoke Energy by 1.6% in the 4th quarter. Bank of New York Mellon Corp now owns 834,899 shares of the energy company’s stock valued at $7,138,000 after buying an additional 13,226 shares in the last quarter. Texas Permanent School Fund boosted its holdings in shares of SunCoke Energy by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 42,370 shares of the energy company’s stock valued at $362,000 after buying an additional 1,643 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of SunCoke Energy by 57.6% in the 4th quarter. Citigroup Inc. now owns 66,703 shares of the energy company’s stock valued at $570,000 after buying an additional 24,378 shares in the last quarter. 93.32% of the stock is currently owned by institutional investors.
Shares of SXC traded up $0.21 during midday trading on Friday, reaching $8.77. The stock had a trading volume of 885,228 shares, compared to its average volume of 1,666,806. SunCoke Energy has a 52 week low of $7.29 and a 52 week high of $13.96. The company has a quick ratio of 1.08, a current ratio of 1.78 and a debt-to-equity ratio of 1.21. The firm has a 50 day moving average of $8.00. The firm has a market cap of $570.94 million, a P/E ratio of 20.88 and a beta of 1.24.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Wednesday, April 24th. The energy company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. SunCoke Energy had a return on equity of 4.01% and a net margin of 1.83%. The company had revenue of $391.30 million for the quarter, compared to the consensus estimate of $357.85 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts expect that SunCoke Energy will post 0.9 earnings per share for the current year.
SunCoke Energy Company Profile
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.
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